Concept
KBank Private Banking (KPB) is a business group within KASIKORNBANK PCL (SET: KBANK), operating onshore in Thailand only and marketed under the "Perfect Wealth" philosophy. Entry threshold: deposits and/or investments of not less than THB 50 million with KBank. It is the country's largest private bank: per the 3Q25 investor presentation, KPB manages THB 883 billion in AUM for 13,545 clients, a market share of about 35.0%; growth of +8.02% YoY over 9M25; portfolio mix of roughly 64% investments and 36% deposits.
Head of private banking: Adisorn Sermchaiwong (since August 2024; succeeded Jirawat Supornpaibul, who had built the onshore private bank from early 2013). Group CEO: Kattiya Indaravijaya (since 2020, the group's first female CEO; still in role as of 2026). Chair of the Board: Kobkarn Wattanavrangkul (since 2020).
History and evolution
- 8 June 1945 — founded as Thai Farmers Bank by Choti Lamsam (THB 5m capital)
- 1976 — listed on the Stock Exchange of Thailand (SET)
- 8 April 2003 — renamed Kasikornbank
- 2008 — launch of Signature Private Banking; minimum of ~US$1.5m (~THB 50m), according to published reports
- 2013 — onshore private-banking build-out begins
- December 2014 — strategic alliance with Lombard Odier
- 2016 — first Family Wealth Planning Services in Thailand (with Lombard Odier)
- 2018 — Avaloq platform selected
- 2019 — first Thai private equity strategy (with Lombard Odier; ~US$100m raised)
- 2019–20 — Kattiya Indaravijaya becomes group CEO
- October 2023 — acquired 97% of Satang Corp (THB 3,705m), rebranded Orbix
- February 2024 — KAsset–Lombard Odier Sustainability Alliance
- August 2024 — private-banking leadership change
- 2025 — THE WISDOM THB 30m sub-tier; Q-Bond blockchain issuance (THB 500m with PTT); first Thai carbon-credit tokenisation pilot in the BOT sandbox
- September 2025 — abandoned the ROE ≥10% by 2026 target (Thai economy), according to published reports
Regulation
Kasikornbank PCL is licensed by the Bank of Thailand and listed on the SET; securities and fund businesses are supervised by SEC Thailand (Kasikorn Asset Management, Kasikorn Securities). Digital assets sit under Unita Capital / Orbix (Orbix Trade crypto exchange, SEC-licensed; Orbix Custodian — Thailand's first licensed digital-asset custodian, licence dated 13 September 2024). According to Violation Tracker Global, in 2024 SEC Thailand fined Kasikornbank approximately US$31,000 in a matter the aggregator categorises as investor protection. This record describes one SEC measure and does not cover the Bank of Thailand's supervisory history.
Source of wealth
Core clientele: Sino-Thai business families, industrial and agribusiness fortunes, property developers, professionals, and regional Mekong expansion wealth. As standard, the bank verifies a client's source of funds.
Who it serves
Wealthy Thai families and entrepreneurs with capital from THB 50 million who value onshore service, family wealth planning, and access to global markets via the Lombard Odier alliance.
Services
Five lines: Investment Advisory; Family Wealth Planning (family constitutions, succession, estate structuring); Real Estate Advisory; Non-Capital-Market Solutions; Lombard Financing & Land Loan for Investment — see lombard lending. Alternatives include Thailand's first private equity fund (2019, with Lombard Odier; ~US$100m raised), K-ALLROAD multi-asset funds manufactured with Lombard Odier, and K-CHANGE impact funds. Digital assets are offered via Orbix. KBank has no own offshore booking centre: global investing is delivered through Lombard Odier (hubs: Singapore, Hong Kong, Tokyo).
Entities
| Jurisdiction | Legal entity | Form and supervision | Role |
|---|---|---|---|
| Thailand | Kasikornbank PCL | Bank; Bank of Thailand supervision; SET-listed | Group parent; onshore private banking |
| Thailand | Kasikorn Asset Management (KAsset) | Asset manager; SEC Thailand; AUM ~THB 1.5trn (Jan 2024) | Funds and products, incl. with Lombard Odier |
| Thailand | Kasikorn Securities | Broker-dealer; SEC Thailand | Brokerage services |
| Thailand | Unita Capital (Orbix Trade, Orbix Custodian) | Digital assets; SEC Thailand / Ministry of Finance licences | Crypto exchange and custodian |
| International network | Branches: Hong Kong, Cayman Islands, Phnom Penh, Ho Chi Minh City; subsidiaries: Kasikornbank (China), Kasikornthai Bank (Laos); representative offices: Tokyo, Los Angeles, Kunming, Yangon, Hanoi, Jakarta | 16 establishments in 8 countries (31 Dec 2025) | None is a private-banking booking centre |
Strengths
- Thailand's largest onshore private bank: ~35% market share, THB 883bn AUM
- Decade-long Lombard Odier alliance (since December 2014; 10th anniversary in December 2024): global funds, advisory training, family-services capability
- Pioneer of Family Wealth Planning in Thailand (2016)
- Full spectrum: investments, real estate, Lombard financing, digital assets
- Technology: Avaloq platform; "Wealth Cockpit" RM tool (2024)
Where it falls short
- No own offshore booking centre: service is strictly onshore; the global component runs only through the alliance
- High entry threshold (THB 50m); below that sits THE WISDOM without the full PB service set
- DPA deposit protection is capped at THB 1 million and does not cover investments
- Single jurisdiction — Thailand; multi-jurisdiction structures require external partners
Group financials for FY2025: total assets THB 4,558.6bn (+5.0%), net profit THB 49,565m, NPL 3.20%, CAR 20.35%. KBank is commonly described as Thailand's second-largest lender, according to published reports.
Q/A
What is the entry threshold for KBank Private Banking?
Deposits and/or investments of not less than THB 50 million with KBank. The tier below, THE WISDOM, starts at THB 10 million in total assets.
Does KBank have an offshore booking centre?
No. Global investing for private clients is delivered via the strategic alliance with Lombard Odier (hubs in Singapore, Hong Kong and Tokyo), in place since December 2014.
Are client assets insured?
THB deposits are insured up to THB 1 million per depositor via the DPA. Investment balances are not deposits and are not DPA-covered.
Who leads the private bank?
Adisorn Sermchaiwong has headed private banking since August 2024; the group CEO is Kattiya Indaravijaya (since 2020).
How large is the business?
As of 3Q25: THB 883 billion in AUM, 13,545 clients and a market share of about 35%.